Southern Cross to update ASX on sudden CFO departure

Southern Cross Media
chairman
Max Moore-Wilton
says the company is poised to make a statement to the Australian Securities Exchange on Thursday after an online report that its new chief financial officer Peter Lewis has quit just one month into the job.

The announcement is expected to confirm Mr Lewis left his role for family reasons.

Speaking via telephone from Moscow, Mr Moore-Wilton said: “I don’t wish to comment on it. The company expects to make a statement to the exchange as soon as possible to deal with this speculation."

He also said: “It’s a management issue and Rhys Holleran (the chief executive) is in Sydney, I am currently in Moscow."